[Huayou Cobalt’s Q3 Net Profit Falls]

**[Huayou Cobalt’s Q3 Net Profit Falls]** Huayou Cobalt reported third-quarter operating revenue of RMB 25.208 billion in 2026, up 15.93% year on year, while net profit attributable to shareholders of the listed company fell 46.68% to RMB 803 million. Net profit excluding non-recurring items declined 48.13% year on year to RMB 739 million.

For the first three quarters of 2026, operating revenue increased 37.05% year on year to RMB 80.776 billion. Net profit attributable to shareholders rose 2.23% to RMB 4.310 billion, while net profit excluding non-recurring items increased 0.94% to RMB 4.050 billion.

The company attributed revenue growth in the first three quarters primarily to higher sales of new energy materials. However, total profit in Q3 fell 50.83% year on year, mainly due to fluctuations in metal prices and rising prices of bulk auxiliary materials, including sulfur.

As of the end of the reporting period, total assets stood at RMB 193.081 billion, up 21.10% from the end of the previous year. Net assets attributable to shareholders of the listed company reached RMB 50.504 billion, an increase of 4.57%.